Yesterday I posted a thread expressing concern that Ally Bank had advertised a no-penalty 1.25% APY CD that I had signed up for and then dropped the rate to 0.87% for me.
Today, I talked to their rep and they clarified that their policy has always been that they would provide the BEST rate within 10 days of signing up for the Account. On the date that I signed up, the rate was 1.25% and it WILL be honored. The confusion was in the way the website showed today's rate. After my 10 day period (1/10/2017), my rate will reflect as 1.25% APY which is the best rate of the 10 day period.
This is not a variable rate and I will have that rate locked in for 11 months.
Overall, very happy with the outcome and the way the Policy has been handled.
Submitted January 09, 2017 at 06:32PM by shoboo75 http://ift.tt/2jwzAs3
